Gauntlet has four playable fantasy-based characters; Thor the Warrior, Merlin the Wizard, Thyra the Valkyrie or Questor the Elf.

Each character has his or her own unique strength and weaknesses. For example, the Warrior is strongest in hand-to-hand combat, the Wizard has the strongest magic, the Valkyrie has the greatest armour and the Elf is the fastest in movement.